Wall Street consensus, price target range, and equity research thesis
Wall Street currently rates QCOM hold with a 12-month price target of $204 (+3.1% upside). The sections below cover the bull case, key risks, and latest earnings context for QUALCOMM Incorporated.
Recent Analyst Actions
1 of 1 analysts raised targets. Recent price target changes and ratings for QCOM.
| Firm | Action | Rating | Price Target |
|---|---|---|---|
| Wells Fargo | Raised | Equal-Weight | $160$230 |
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Analyst Research Summary
A structured look at the bull case, the risks, and the most recent earnings execution for QCOM.
QCOM missed estimates last quarter. Below are the key reasons analysts remain constructive and the risks that could change that view.
What keeps the long thesis intact
Wall Street rates QCOM hold, giving the bull case institutional backing from 69 analysts.
What can break the setup quickly
Watch whether new negative commentary on QCOM points to these structural risks or is simply reacting to short-term price moves.
Last Quarter
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Quick answers to the most common questions about buying QCOM stock.
QCOM appears fairly valued near today's $198.27 — the consensus rating is "Hold" with a $204 target (+3.1%). This is informational only — verify the data and consider your own risk tolerance before deciding.
Timing depends on your horizon, but the data signals are: consensus rating "Hold" with +3.1% upside to the $204 target. In the past 30 days, 1 of 1 covering analysts raised their price targets — a bullish signal.
QCOM's consensus 12-month price target is $204, set by 69 Wall Street analysts. The bull case high is $400 and the bear case low is $120. From the current price of $198.27, this implies +3.1% upside.
QCOM appears fairly valued — the $204 consensus target is roughly in line with today's $198.27 (+3.1%). It trades at a forward P/E of 18.8x. Targets range from $120 (bear) to $400 (bull), reflecting different assumptions about growth and margins.
QCOM reports next quarter. Earnings-week moves are volatile — historically, analyst targets revise upward after a beat and downward after a miss. The current consensus is "Hold" with a $204 target. Consider position sizing rather than going all-in pre-print.
Of 69 analysts covering QUALCOMM Incorporated (QCOM): 1 Strong Buy, 29 Buy, 34 Hold, 5 Sell, 0 Strong Sell — a "Hold" consensus. The 12-month price target is $204 (range $120–$400). Bullish analysts outnumber bearish by more than 2-to-1.
5 of the 69 analysts covering QCOM rate it Sell or Strong Sell. Common concerns include valuation stretch, slowing growth, and sector-specific headwinds — see the Bull vs. Risk cards above for the specific theses on QUALCOMM Incorporated.
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